At a Glance
Average Property Price - FY8
£285,256
38
National percentile
Average Monthly Rent - FY
£726
14
National percentile
Average Net Household Income - FY8
£33,680
23
National percentile
Flat / Maisonette Yield - FY
5.7%
60
National percentile
10-Year Annualised Price Growth - FY8
3.0%
28
National percentile
10-Year Annualised Rent Growth - FY
2.9%
3
National percentile
Property Price & Volume Trends
The latest average property price in FY8 is £285,000, placing it below the national average. Over the past decade, prices have grown at 3.0% per year—below the national rate, indicating more modest capital appreciation than much of the UK. Transaction activity has softened, with 723 sales in the latest full year compared to a 10-year average of 953, reflecting a decline in market turnover.
Rent & Yield Trends
Average monthly rent in the wider FY postcode area stands at £726, well below the national average. Rental growth over ten years has been notably sluggish at 2.9% annually, among the slowest in the country. The flat yield has improved meaningfully, rising from an average of 4.6% over the decade to 5.7% in the latest year, reflecting stronger investor returns in the current climate.
Income & Affordability Trends
Average net household income is £33,680, below the national average. The price-to-income ratio of 8.3x suggests affordability has worsened since 2016, when it stood at 7.5x, indicating properties have become harder to purchase relative to local earnings. Rental affordability, however, has improved: the rent-to-income ratio has fallen from 25.7% to 24.6%, easing the burden on renters.
Resident Demographic Profile
FY8 has a notably elderly population, with those aged 50 and over comprising nearly 56% of residents—well above the national average of around 39%. The proportion of 16–24 year-olds (7%) is significantly below the national norm of 11%, and working-age adults more broadly are underrepresented. The area is heavily owner-occupied, with 43% owning outright compared to 34% nationally, whilst private rental tenure at 26% is above average. Social rented housing represents only 7% of tenure, half the national share, reflecting limited affordable stock. Professional and managerial employment is slightly elevated, whilst trades, elementary, and plant/machine roles are all notably less common than nationally.